American mortgages are non-recourse in many states, making it harder for lenders to pursue defaulting borrowers; not in most of Canada.
美国的抵押物在很多州是不可以追索赔偿的，就使贷方很难追踪违约的借款人，但在加拿大的很多地方不是这样。
And a third was to cut the risk of borrowers defaulting, using CDSs with insurers like American International Group.
第三种是将借款人违约风险切除，即通过如美国国际集团之类的保险公司担保CDS。
WHENthe American housing market turned, subprime borrowers started defaulting.
当美国房市转向，次贷借款人开始违约。
Locals swap stories of cunning borrowers who buy second homes for a song before deliberately defaulting on their first mortgages.
当地人互授机宜——狡猾的借款人，在故意拖欠他们的第一批抵押贷款之前先买第二套住房。
Investors reduce their demand for bonds as they become increasingly concerned about the possibility of borrowers defaulting on their debt.
随着投资者愈加担心借款人可能拖欠债务，他们就会减少债券需求。
Investors become increasingly concerned about borrowers defaulting on their liabilities or central Banks starting to monetize outstanding debt.
投资者越来越担心借款人拖欠债务，或者央行开始将未偿债务货币化。
The same holds for households, with millions of weaker and poorer borrowers defaulting on mortgages, credit cards, auto loans, student loans, and other forms of consumer credit.
家庭部门也一样，数以百万计的弱势、贫困借款人只能终止偿还其按揭贷款、信用卡贷款、汽车贷款、助学贷款以及其他形式的消费信贷。
The same holds for households, with millions of weaker and poorer borrowers defaulting on mortgages, credit cards, auto loans, student loans, and other forms of consumer credit.
家庭部门也一样，数以百万计的弱势、贫困借款人只能终止偿还其按揭贷款、信用卡贷款、汽车贷款、助学贷款以及其他形式的消费信贷。
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